Comparing and Improving Your Company Performance
Benchmarking is the process of comparing one's business performance metrics to industry bests and/or best practices from other similar industries. Dimensions typically measured are sales, turnover, gross profit, occupancy costs, wages and other associated business expenses. As well as net profit, owner remuneration and staffing levels are taken into account.
Benchmarking is the submission of your financial data anonymously, and then measuring it against the median, the average, and the top and bottom 25% of firms in your industry who have submitted their financial data. It helps to clearly identify where your business differs from everyone else.
If you would like Make$ Cents to do Benchmarking for your business, please contact the office for further information and pricing. Remember, Benchmarking is completely anonymous so your business details do not get published for general viewing.
to email us about our Business Benchmarking Services or call us on 04 528 6123